AU Small Finance Bank soars on reporting 30% rise in Q1 net profit
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AU Small Finance Bank is currently trading at Rs. 644.70, up by 13.40 points or 2.12% from its previous closing of Rs. 631.30 on the BSE.
The scrip opened at Rs. 627.95 and has touched a high and low of Rs. 651.70 and Rs. 622.55 respectively. So far 97123 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 813.00 on 08-Jan-2024 and a 52 week low of Rs. 554.00 on 20-Mar-2024.
Last one week high and low of the scrip stood at Rs. 663.00 and Rs. 622.55 respectively. The current market cap of the company is Rs. 47881.74 crore.
The promoters holding in the company stood at 22.92%, while Institutions and Non-Institutions held 58.02% and 19.06% respectively.
AU Small Finance Bank has reported 29.90% rise in net profit at Rs 502.57 crore for first quarter ended June 30, 2024 (Q1FY25) as compared to Rs 386.90 crore for the same quarter in the previous year. Total income of the bank increased by 55.57% at Rs 4314.70 crore for Q1FY25 as compared to Rs 2773.46 crore for the corresponding quarter previous year.
AU Small Finance Bank is a small finance bank (SFB) that has recently transitioned from a prominent, retail focused nonbanking finance company (NBFC), which primarily served low and middle-income individuals and businesses that have limited or no access to formal banking and finance channels.
